The stock market's 'performance anxiety'

TracyJohnke

Phil Silverman of Kingsview Management says two major forces are driving the stock market higher: The Federal Reserve and "performance anxiety" on the part of money managers. "As this market rallies, a lot of people are getting nervous that they're going to lag behind their benchmarks and not put up the performance they need to put up to either keep their jobs or get their bonuses," says Silverman. "So there is a lot of pressure in this market to go up."

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